The ordinary least squares (OLS) method of estimation will minimize:
A)neither the slope nor the intercept.
B)only the slope.
C)only the intercept.
D)both the slope and intercept.

Question

Quizplus · Accepted Answer

The ordinary least squares (OLS) method minimizes the sum of the squared differences between the observed and predicted values, not specifically the slope or intercept.

The Ordinary Least Squares (OLS) Method of Estimation Will Minimize